RAMESH CHANDRA BHALLA Vs. NARESH CHANDER BHALLA

JUDGEMENT

(1.) -

(2.) RAMESH Chandra Bhalla, Naresh Chandra Bhalla, SudeshChandra Bhalia, Avinash Chandra Bhalla and Prakash Chander Bhalla arebrothers. They were carrying on business as shareholders and Directors in threecompanies, namely, (i) 'M/s. H.R. Bhalla and Sons (P) Ltd. ;(ii) M/s.SelfastAir Systems (P) Ltd. and (iii) M/s. Mechanical Movement Pvt. Ltd.

(3.) IN those proceedings on 26/05/1956, i.e. beto.c the award was filedin Court, the applicants Ramesh Chander Bhalla and Prakash ChanderBhalla filed an application (IA 3551/86) under Section 41 (b)and Schedule11 read with Section 18 of the Arbitration Act, 1940 real with Order 39-Rules1 and 2 and Section 151 of the Cods of Civil Proedure, for temporaryinjunction restraining respondents 1 to 3 from :